327 E 74th

Industrial for Sale
Catylist Listing ID: 30743438
Property Subtypes: Flex Space
Building Size (RSF): 15,150 SF
Gross Building Area: See Agent
Gross Land Area: 1.25 Acres
Sale Price: $700,000
Unit Price: $46.20 PSF
Property Use Type: Investment
Building Name: 327 E 74th
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/30/2021

Overview / Comments

This building is available for sale with a new 3 year lease from current tenant (automotive body shop) starting Aug 1, 2021 - Sept 30, 2024. The tenant has been occupying the space since August 2020.

This approx 15,150 sq ft facility (per LCAD) features an office area complete with a reception area, 2 private offices and 2 oversized rooms that could be additional offices or conference rooms. There are two sections of warehouse with access between each from the inside. The original warehouse features 16 ft ceilings while the new warehouse has 20 ft side walls and 24 ft center height. Two new 14 ft overhead doors have been added to the north and west ends of larger warehouse. The building can be expanded up to an additional 3,000 sq ft of space for additional warehouse or office space. Property is zoned M-1 and there is bonus storage available above the office area. There is 3 phase power in the building along with a loading dock on the southeast side of building.

Please do not disturb tenant. Schedule all tours thru Jef Conn 806-787-4479

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R131425
Zoning: M-1
Area Description: Conveniently located just one block south of South Loop 289 access road between Globe & Ash Ave. Property sits directly south of Spec Building Supply. Quick access to all parts of the city via Loop 289, I-27 or Slaton Hwy.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 51,209 142,395
Median Age: 30.26 32.42
Households: 18,918 53,493

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